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In preparing its bank reconciliation for the month of April 2016, Sells, Inc. has available the following information. Balance per bank statement, 4/30/16 $40,290 NSF
In preparing its bank reconciliation for the month of April 2016, Sells, Inc. has available the following information. Balance per bank statement, 4/30/16 $40,290 NSF check returned with 4/30/16 bank statement 1,450 Deposits in transit, 4/30/16 10,200 Outstanding checks, 4/30/16 15,060 Bank service charges for April 60 What should be the adjusted cash balance at April 30, 2016? Select one: a. $35,430 b. $35,370. c. $33,920. d. $33,980
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